Alamos Gold Inc. (NYSE:AGI) Receives Average Rating of “Buy” from Analysts

Alamos Gold Inc. (NYSE:AGI) (TSE:AGI) has been given an average rating of “Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.06.

AGI has been the topic of several recent analyst reports. StockNews.com cut shares of Alamos Gold from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their target price on shares of Alamos Gold from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, National Bank Financial upgraded Alamos Gold from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, December 3rd.

Alamos Gold Stock Up 0.9 %

Shares of NYSE AGI opened at $19.50 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.97 and a current ratio of 1.62. Alamos Gold has a 1 year low of $11.24 and a 1 year high of $21.45. The stock’s 50-day simple moving average is $18.83 and its 200-day simple moving average is $18.79. The firm has a market cap of $8.20 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 0.93 and a beta of 1.15.

Alamos Gold (NYSE:AGI) (TSE:AGI) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.03). The business had revenue of $360.90 million for the quarter. Alamos Gold had a return on equity of 8.85% and a net margin of 19.89%. As a group, equities analysts anticipate that Alamos Gold will post 0.77 earnings per share for the current fiscal year.

Alamos Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Thursday, December 5th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Thursday, December 5th. Alamos Gold’s dividend payout ratio is presently 16.67%.

Institutional Investors Weigh In On Alamos Gold

Institutional investors and hedge funds have recently bought and sold shares of the business. Hara Capital LLC acquired a new stake in shares of Alamos Gold during the 3rd quarter worth approximately $47,000. Daiwa Securities Group Inc. acquired a new stake in Alamos Gold in the second quarter worth $48,000. Employees Retirement System of Texas acquired a new stake in Alamos Gold in the second quarter worth $88,000. Eastern Bank bought a new stake in Alamos Gold in the third quarter valued at $111,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Alamos Gold during the third quarter valued at $147,000. Institutional investors and hedge funds own 64.33% of the company’s stock.

About Alamos Gold

Alamos Gold Inc engages in the acquisition, exploration, development, and extraction of precious metals in Canada and Mexico. The company primarily explores for gold deposits. It holds 100% interest in the Young-Davidson mine and Island Gold mine located in the Ontario, Canada; Mulatos mine located in the Sonora, Mexico; and Lynn Lake project situated in the Manitoba, Canada.